The Perkins Loan workplace handles all aspects of the loan once you start the payment procedure. You ought to contact this workplace when you graduate or fall below half-time at an institution of greater learning. For more information begin to see the faqs below or phone 717-477-1393.

Shippensburg University
1871 Old Main Drive, Area #112
Shippensburg, PA 17257
Phone: 717-477-1393
Fax: 717-477-4086

What exactly is a Federal Perkins Loan?

A Federal Perkins Loan is just a low-interest (5 %) loan for both undergraduate and graduate students with excellent need that is financial. Your college can be your loan provider. The mortgage is produced with federal government funds by having a share added by the institution. You have to repay this loan to your college.

What web site do I prefer to perform my SU Perkins Loan Master Promissory Note/Entrance Counseling or SU Perkins Loan Exit Interview?

The website to accomplish both is http: //www.

A Promissory Note” tab and then the “Shippensburg University of PA” tab and follow the directions on the SU Electronic Promissory Notes page to complete the Master Promissory Note/Entrance Counseling click on the“eSign.

To accomplish the Exit Interview log in by going into the SU School rule (09) your bank account number (SS #) and your PIN. (in the event that you don’t understand your pin, click on the “Need help logging in? ” tab. ) Please fill the exit Interview out totally and signal it electronically.

Can there be a fee for this loan?

A Perkins Loan debtor is certainly not charged any costs. Nevertheless, you will have to pay a late charge plus any collection costs if you skip a payment, make a payment late, or make less than a full payment. Belated charges will stay until your repayments are present.

Whenever do we pay off my Perkins Loan?

You’ve got nine months when you graduate, leave college, or fall below half-time status before you decide to must start repayment. That is known as an elegance duration. During the end of one’s elegance duration, you have to begin repaying your loan. You might be allowed as much as a decade to settle your loan.

That will be billing me personally for my Perkins Loan?

The institution can directly bill you or make use of billing/servicing business. We use a billing/servicing company if you received your loan from Shippensburg University. The organization we utilize is Educational Computer Systems, Inc. (ECSI) positioned in Warrendale, PA. The target is:

Shippensburg University (AC09)
C/O Academic Computers, Inc.
100 Global View Drive
Warrendale, PA 15086

Please use P.O. Box 1278, Wexford, PA 15090 for several documents for education loan servicing, tuition re re payment plans, reimbursement disbursements, along with other items. Usually do not send re payments for this target.

Please use P.O. Box 718, Wexford, PA 15090 for several re payments for education loan servicing, tuition re payment plans, and delinquent student accounts receivable.

You may want to deliver your re payment straight to Shippensburg University. If you opt to mail the re payment to your college, please spot your number that is SUID and term Perkins within the memo part of the check.

Which workplace handles the Perkins Loan Program once we have graduated from college or stopped going to college for any kind of reason?

The Student Accounts office in the Old Main building, Room #112 located at 1871 Old Main Drive is responsible for Perkins Loans if you attended Shippensburg University. You can also contact ECSI, our Perkins Loan servicer, via your Perkins Loan account at http: //www. call ECSI toll free at 1-888-549-3274.

May I postpone payment of my Federal Perkins Loan?

Yes. Under certain circumstances, you can easily be given a forbearance or deferment on the loan. Throughout a deferment, you will be permitted to temporarily postpone re payments you loan, with no interest accrues. You may be given a deferment under specific conditions, such as for instance jobless.

Deferments are not automatic. You need to submit an application for one using your Shippensburg University by doing a deferment request kind. You need to register your deferment demand on time or you’ll pay a belated fee.

For lots more information on deferments, contact the Shippensburg University Perkins Loan office or ECSI (see ECSI contact information in the earlier FAQ)

If you should be temporarily not able to meet your payment routine but they are maybe not entitled to a deferment, you can easily get forbearance for a small and certain duration. During forbearance, your instalments are reduced or postponed. Interest continues to accrue; you are accountable for it.

Forbearance just isn’t automatic either. You are issued forbearance in 3 to 12 thirty days periods for approximately 36 months. You need to use written down for forbearance through Shippensburg University or ECSI. You’ll have actually to produce documents to guide your ask for forbearance. You have to continue making planned re payments until such time you are notified that forbearance or deferment is awarded.

All deferment and forbearance types are available via our Perkins Loan servicer’s website at http: //www. and simply clicking the INSTALL FORMS tab and scrolling right down to the ECSI Forms.

I contact if I have a change of status, whom should?

You really need to contact work during the school whom handles the payment of your Perkins Loan or any changes to their billing/servicing company in title, target, cell phone number, Social Security quantity, or driver’s license quantity. In the event that you received your loan from Shippensburg University, go directly to the ECSI website at http: //www. or call ECSI cost free at 1-888-549-3274.

Can my Federal Perkins Loan be cancelled? May be the loan reported to a Credit Bureau?

Yes, if the debtor dies or becomes completely and permanently disabled, the mortgage could be terminated. That loan can additionally be eligible for cancellation under specific other conditions – so long as the debtor just isn’t in default. To learn more, go directly to the ECSI web site at http: //www. call ECSI cost free at 1-888-549-3274.

Yes. Perkins Loan info is reported to a nationwide credit bureau following the initial disbursement of funds.

Extra questions about your Federal Perkins Loan?